characteristics. The results suggest that institutional differences are important determinants of total factor productivity and that …

We examine how credit constraints affect the cyclical behavior of productivity-enhancing investment and thereby … a long-term productivity-enhancing one. Because it takes longer to complete, long-term investment has a relatively less … volatility and growth. We first develop a simple growth model where firms engage in two types of investment: a short-term one and …

We use the World Bank decomposition of aggregate investment shares into their private and public components to test for …. Indeed, public investment spending is positively correlated with some measures of volatility. We also use the new World Bank … the correlation between volatility and investment in a set of developing countries. We uncover a statistically significant …

Is public sector infrastructure a key determinant of productivity? Traditional, project-based analyses of benefits and …-based analyses of the links between private productivity and public infrastructure that imply large productivity effects from public … spending. The disparity in estimated returns is often attributed to geographic spillovers in productivity benefits that are not …

productivity performance of twelve two-digit U.S. manufacturing industries. A general framework is developed to measure … contribution of demand, relative input prices, technical change, as well as publicly financed capital on total factor productivity … and R&D capital contribute to productivity growth. However, the magnitudes of their contribution vary considerably across …

between infrastructure and productivity growth remains controversial. In this regard, it is somewhat surprising that … the empirical importance of public capital accumulation to productivity growth. We find little support for claims of a … dramatic productivity boost from increased infrastructure outlays. In a specification designed to provide an upper bound for …

and private sector productivity, with the most compelling evidence derived from analyses of state-level data. Estimates …, however, reveal essentially no role for public-sector capital in affecting private sector productivity. Only estimates of … state production functions that do not include such controls find substantial productivity impacts. This result reconciles …

capital on private sector output and productivity growth in Sweden. We do this by specifying and implementing empirically a …

Large publicly-held pools of assets are playing an increasingly prominent role in the global investment arena. We … investment policies and how to better protect the assets from political interference. Drawing from the pension and corporate …

incomes in the east have now reached the western level, and investment per capita has been much higher than in the west …. However, every third deutschmark spent in the east has been coming from the west, investment in equipment has fallen below the … west German per capita level, and convergence seems to have come to a halt at an overall labor productivity of only 55% of …